👉👉👉 #BlackRock ’s #BitcoinETF💰💰💰 is the only fund with inflows since Friday
Over the past two days, the iShares Bitcoin Trust (IBIT) has recorded significant inflows totaling $184.5 million, making it the sole U.S.-based spot Bitcoin ETF to experience such positive activity this week.
BlackRock's Bitcoin exchange-traded fund (ETF) has emerged as the sole recipient of inflows among United States-based spot Bitcoin funds in recent days, contrasting with others that either saw stagnant or diminishing inflows.
On April 15, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million, a slight decline from the $111.1 million reported the previous day. In contrast, the eight other ETFs, with the exception of Grayscale's, reported zero inflows during the same period, based on data from Farside Investors.
Despite the notable inflows into IBIT, they were unable to offset the outflows from the Grayscale Bitcoin Trust (GBTC). On April 15, #gbtc experienced outflows of $110.1 million, which represented a decrease from the $166.2 million outflows reported on April 14.
Across April 14 and 15, all 10 spot Bitcoin ETFs witnessed net outflows, totaling $55.1 million and $36.7 million, respectively.
These recent outflows from U.S. Bitcoin ETFs coincide with a tumultuous period for Bitcoin, which has experienced an 11.6% decline over the week, trading at $63,410 according to data from Cointelegraph Markets Pro.
Source - cointelegraph.com
